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Citigroup Confirms It Will Close 10 Connecticut Branches >C

Apr 8, 2008 Market Outlook

Citigroup Confirms It Will Close 10 Connecticut Branches >C

Last Update: 4/8/2008 6:24:34 AM

WATERBURY, Conn. (AP)–Citigroup Inc. (C) is confirming plans to close 10
Connecticut Citibank branches beginning in July, trimming the number of branches
it has in the state by a third.

A Citigroup spokesman says the branch closings could cause between 100 and 120
Citibank employees to lose their jobs. But he says workers at the 10 branches are
being given a chance at other jobs within the organization.

Citibank will close branches in Avon, Bristol, Glastonbury, Hartford, Newington,
North Haven, Orange, South Windsor and Waterbury at some point during the third
quarter of the fiscal year.

Citibank will be left with 20 Connecticut branches, mostly in Fairfield County.

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